At first glance, there may not seem like many parallels between skippering a racing yacht and being a CFO, but Michael Bencsik FCCA’s own sporting prowess and finance leadership often overlap. The ability to constantly adapt to changing conditions and anticipate your competitors’ moves while realising your strategy with precision are skills that play out on the ocean as well as in the boardroom. You can read Bencsik’s remarkable story of resilience and human endeavour in this month’s interview.
Staying with the ocean theme, our article on marine risk considers the impact that corporates have on the health of the seas. Recent guidance on measuring nature-related financial risks has broadened to include ocean-related data so that direct, or indirect, interactions with marine ecosystems are transparent. What challenges do businesses face in disclosing their dependencies on aquatic biomes?
Elsewhere, we consider the need for tax professionals in Asia to get to grips with transfer pricing rules and Amount B, as part of the OECD’s Pillar One initiative. And we have more on what to look out for in international tax reform as transfer pricing expert Adriana Calderon, speaking at the recent ACCA technical symposium, runs through recent developments.
We hear from practitioner and educator Sinra Kong FCCA on building capacity in Cambodia so that the accountancy profession can meet the demands of an emerging economy. And we find out how Asia’s accountancy firms are rethinking their office space in a bid to entice staff back to the workplace.
Over in our careers section, we ponder the need to integrate AI agents – the next wave of employees – with human colleagues, and ask how human and digital staff can collaborate and connect in harmony. What can leaders do to ensure that everyone gets along?
Finally, September saw the launch of ACCA’s annual virtual conference, Accounting for the Future. This year’s theme is ‘Trust and innovation in the new era of finance’. Register to attend live 25–27 November or on demand, and earn up to 21 free CPD units.
Further information
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